SBS mulls raising banks' minimal capital base to confront economic slowdown

- Tuesday, September 13, 2011

SBS mulls raising banks' minimal capital base to confront economic slowdown

Peruvian financial regulator SBS said it may raise capital requirements for banks ahead of the economy's expected slowdown.

The move is part of countercyclical measures being drawn up by the government in light of economic weakness in the US and Europe, newly appointed SBS director Daniel Schydlowsky told state news wire Andina.

The capital requirement rules are currently being evaluated by SBS, central bank BCRP and the finance ministry, he added.

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The potential capital base increase is yet to be determined.